The Simple 4-Step Hurghada House Purchasing Procedure
Galeria Properties makes buying an apartment in Hurghada, Sahl Hasheesh, Makadi, or Soma Bay easy for international buyers. Our Galeria Properties quick buying procedure advice solely applies to our homes. If you’re dealing with other agencies or developers to find a Hurghada home, get legal guidance.
Legal Considerations When Purchasing a Hurghada House
Hurghada dream house reservation: If you choose your dream apartment and agree on the payment conditions, Galeria Properties will email you a reservation form to start the Hurghada house purchasing process. This form gives the developer’s legal team the information they need to prepare the property selling contract and begin the acquisition process.
Hurghada Property Purchase: Initial Payment
After returning the paperwork, make your first Hurghada home purchase payment. Depending on your payment plan, this might be the deposit or first installment. Pay by bank transfer.
Contract Preparation
Your initial payment will remove the property from the market and send monies and documents to the developer’s legal and accounting departments. Within ten working days, they will provide you the legal property purchase contract.
Contract Signing
You’ll have time to peruse and ask questions before signing three copies of your home’s documents and mailing them back.
Contract Completion
Congratulations! You will receive a stamped and signed copy of the unit contract for your records after completing the purchase procedure. The contract’s payment schedule also applies.
Hurghada Property Purchase Legalities
Legal Fees
Hurghada property buyers receive free legal checks and due diligence from competent lawyers. This information will accompany your contract. Galeria Properties exclusively sells legal properties with licenses and development permits.
Final Legal Fees
When the property is developed and paid for, you can use signature court validity to prove your ownership to the court and safeguard your investment without the limits of full registration.
Hurghada Homebuyer Legal Advice
If you want an impartial lawyer to evaluate the contract and undertake due diligence before buying a house in Hurghada, we recommend an Egyptian lawyer who knows the local laws. Galeria Properties is delighted to set up a meeting with the developer’s lawyer and your lawyer to review the original documentation and aid with the purchase process.
This article should help you understand the Hurghada and Red Sea real estate purchase procedure and provide you peace of mind.
